The state is well-positioned to diversify its economy away from hydrocarbons and alter its tax system to ensure a fairer contribution from the population, but a change of culture may be needed first.
Since the beginning of the Russian invasion of Ukraine, in February, the Egyptian economy has been weathering a significant amount of pressure, that poses a serious threat to the hard-earned gains of…
A rapidly growing economy usually brings rounds of cheers. Business is booming, innovation reaches new heights, and buyers can't get enough. But when that growth accelerates too fast, inflation isn't…
Wars or military confrontations always come with dramatic, impactful changes. The economy is the most fragile or the weakest link that can be shaken with the first sign of instability. Unprecedented…
“From time to time, my wife surprises me with a shopping list a few minutes before I leave the office. It’s hassling to drop by the supermarket in the rush hour. I resort to grocery and supermarket…
The Saudi banking sector is facing new competitors. The competition is coming from fintech (financial technology) and financing firms that are taking a slice of the banking business. The accelerating…
In retrospect, the most significant outcome of COP26—the UN Conference on Climate Change that convened in Glasgow on October 31, after a year-long postponement—may not have been the formal agreement…
Last year, as the first COVID-19 vaccines began to roll out, I predicted in Foreign Affairs that the global economy would come roaring back and eventually usher in a new golden age of globalization…
Retail jobs are among the most common in the U.S. economy. During the pandemic, these workers have been face-to-face with the shopping masses likely to be carrying and spreading COVID-19. So when…
Dozens of people chanted slogans during rallies across Iran to protest the regime’s involvement in regional disputes that have only wasted the country’s resources.
“Neither Gaza nor Lebanon, we…
“Buying a vehicle, new or used, has become more difficult than before. The biggest car dealers told me I had to book the car 3 to 6 months before I receive it. I was told that car manufacturers are…
Israel's commandeering of aid distribution in Gaza forces starving Palestinians to run the gauntlet at centres with biometric monitoring systems, armed security, and life-or-death hazards